Arkansas

Gas prices rise, ‘likely to continue accelerating’ – The Coastland Times

 

Gas prices rise, ‘probably further acceleration’

Average gasoline prices in North Carolina rose 16.2 cents a gallon over the past week, averaging $3.30 a gallon on Monday, January 23, 2023, according to a GasBuddy survey of 6,092 filling stations in North Carolina. Prices in North Carolina are 41.8 cents per gallon higher than a month ago and 19.8 cents per gallon higher than a year ago. The national average diesel price rose 2.6 cents in the last week to $4.60 a gallon.

According to GasBuddy price reports, the cheapest gas station in North Carolina on Sunday was $2.70 a gallon and the most expensive was $4.69 a gallon, for a difference of $1.99 a gallon.

The national average price of gasoline rose 11.3 cents a gallon over the past week, averaging $3.39 a gallon on Monday. Compiled from more than 11 million weekly price reports covering more than 150,000 gas stations nationwide, the national average is up 30.2 cents per gallon from a month earlier and 7.3 cents per gallon, according to GasBuddy data. higher than a year ago.

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NC historical gasoline prices and 10-year national averages: January 23, 2022: $3.10 per gallon (U.S. average: $3.32 per gallon) January 23, 2021: 2.19 $/gal (U.S. average: $2.39/gal) January 23, 2020: $2.35/gal (U.S. average: $2.54/gal) January 23, 2019: $2.15/gal (U.S. Average: $2.29 per gallon) January 23, 2018: $2.45 per gallon (U.S. Average: $2.55 per gallon) January 23, 2017: $2.21 per gallon (in US average: $2.30 per gallon) January 23, 2016: $1.82 per gallon (US average: $1.83 per gallon) January 23, 2015: $2.09 per gallon (in US average: $2.03 per gallon) January 23, 2014: $3.28 per gallon (US average: $3.28 per gallon) January 23, 2013: $3.36 per gallon ( US average: $3.31 per gallon)

Selected areas of the state and their current gas prices: Fayetteville – $3.27 per gallon, up 18.5 cents per gallon from $3.09 per gallon last week. Charlotte – $3.18 a gallon, up 14.1 cents from $3.04 a gallon last week. per gallon, up 17.2 cents per gallon from $3.17 per gallon last week.

“Gasoline prices continued to rise last week as oil prices pushed them higher in much of the country and continued problems with refineries prevented a more significant increase in gasoline supply,” said Patrick De Haan, head of oil analysis at GasBuddy. “Macro factors continue to put pressure on oil and oil products as strong demand in China has not slowed down much due to a surge in new Covid cases. In addition, the release of crude oil from the Strategic Oil Reserve was completed. Fears are growing that without more oil, supply will shrink in the coming weeks, especially as the country begins to roll back on demand cuts in the dead of winter. Going forward, this does not look good for motorists as prices are likely to continue to rise.”

GasBuddy data is available at Prices.GasBuddy.com.

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